LONDON (ShareCast) - (Sharecast News) - Palladium, platinum, rhodium, iridium and gold company Eurasia Mining has been granted the Tipil exploration license, consisting of 24.5 square kilometres, adjacent and to the west of the current mining permit at West Kytlim in the Urals, it announced on Monday.
The AIM-traded firm said the Tipil license contains approximately 17 kilometres of river course and sedimentary units, proven to host platinum group metal deposits at the West Kytlim project.

Geological data and historical mining information had been analysed by the company's geologists, it said, and a report compiled, which justified the application as a new exploration licence tenement.

"The directors are pleased with the permitting progress achieved across all of our projects," said executive chairman Christian Schaffalitzky.

"Further announcements will be made as appropriate."

At 0927 BST, shares in Eurasia Mining were up 8.73% at 21.96p.

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